Weekly Wrap: Regulators step up enforcement
This week, the Consumer Financial Protection Bureau announced an uncharacteristic enforcement action against subprime lender Lobel Financial, columnist Marcie Belles ...
Tag: subprime
Weekly Wrap: Auto lenders get creative
Auto lenders continue to experience ups and downs through the COVID-19 pandemic, and it’s becoming clearer by the week what ...
Weekly Wrap: Digital financing, auto ABS and subprime rates
This week, the news cycle was dominated by the Democratic National Convention and former Vice President Joe Biden’s presidential nomination ...
Subprime credit spreads, murky Q3 outlook: Industry Pulse
Interest rates in the subprime credit tier have surpassed pre-COVID levels and are up more than a point on a ...
Direct loans and APR prop up Flagship ABS
Flagship Credit Acceptance’s July 23 securitization, which funneled $213 million into the ABS market, saw a rise in the APR ...
Weekly Wrap: Auto boosts bank’s Q2 performance [Video]
This week, the Auto Finance News team took a deep dive into how the pandemic is affecting subprime lenders. Auto, however, may shine bright ...
Surviving economic hairpin turns
Following a decade of continuous job creation that boosted the financial standing of all consumers — especially those with subprime ...
Subprime Rising: How lenders are trying to dig out from the pandemic recession [Feature]
In late February, the financial department at Westlake Financial Services noticed something interesting: A few key words kept resurfacing during ...
